Credit Suisse has placed Winterthur life up for sale. If the main group is sold it is likely that UK-based Winterthur Life would be part of a deal says a spokesman for the company.
Shadow Work and Pensions Secretary David Willetts has warned that any further increase in FSA regulation will leave the poor excluded from mainstream financial services and widen the poverty gap. Speaking at a National Consumer Council fringe meeting at the Conservative party conference this week, Willetts slammed Government moves to extend regulation into areas such […]
I have been surprised and somewhat saddened by the level of misinformation circulating about the LIA/Sofa merger. I cannot see how disingenuous comments about the LIA board help in the debate about a new professional association. I am a past president of the LIA and have always been in complete support of a merger between […]
The Personal Finance Education Group is launching a pilot project to support the teaching of personal finance in mathematics and personal social health education. It is funded by the Department of Education and Skills. The pilot aims to help year eight pupils develop early stages of financial understanding and to see the relevance of mathematics […]
An issue that has been on the boil since regulation was first announced is the use of the word independent. This single word has provoked more discussion than perhaps any other aspect of regulation in both the IFA and mortgage intermediary market. If you wish to call your firm an independent mortgage intermediary in the […]
Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]